Russia's crypto coup: Bitcoin replaces dollar in trading!
Russia deals with Bitcoin sanctions: new law for crypto payments in international trade, according to Finance Minister Siluanov.
Russia's crypto coup: Bitcoin replaces dollar in trading!
Russia strikes back! In the middle of the sanctions front, Finance Minister Anton Siluanov has revealed the secret: Russian businesses are now running on Bitcoin! In an explosive TV interview, Siluanov admitted that the country is using cryptocurrencies for international payments thanks to a new law. No question, Russia is serious about the digital revolution!
The Kremlin recently created a legal testing ground for crypto miners. The new regulation allows authorized companies to use crypto for international trade. A report from watcher.guru shows Russia is opening the door to Bitcoin while simultaneously embracing the new digital ruble. Energy-hungry Bitcoin miners are rejoicing because Russian energy companies can sell their excess power to them.
In the glittering world of de-dollarization, this step marks another positive point for Russia. Even if the West is hesitant, Russia is now a pioneer in crypto use in the BRICS community. The chapter “Bitcoin reserve as a protective shield against sanctions” has already been opened by Duma member Anton Tkachev and could become a challenge for the next US President Donald Trump, who is both a crypto supporter and a defender of US dominance. Russia's latest Bitcoin law could set the stage for a future crypto duel as President Putin goes all in while the world watches.